Yet Another Gruesome Employment Report [View article]
I don't get a good sense that getting money into the hands of consumers is the way to go. It is too broad-reaching. Look at the result of when Bush gave rebates. It gave a temporary fix to the economy, but at that time, it had created a false level of demand for housing.
Money should be used to fund infrastructure. Jobs are created, and America will have something nice (better roads, solar power, newer trains) as a result.
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I don't get a good sense that getting money into the hands of consumers is the way to go. It is too broad-reaching. Look at the result of when Bush gave rebates. It gave a temporary fix to the economy, but at that time, it had created a false level of demand for housing.
Jan 09 15:42 pm
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All Comments by Chris Lau »Yet Another Gruesome Employment Report [View article]
Money should be used to fund infrastructure. Jobs are created, and America will have something nice (better roads, solar power, newer trains) as a result.